This is a $100,000 new construction loan request for a single-family property located in Port Charlotte, Florida. Upon completion, the property will feature three bedrooms, two bathrooms, and 1,046 square feet of living space on a corner lot. Borrower’s exit strategy is to sell the property.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025